A recent response to a question on Quora about whether Quora was generating revenue showed a mistaken philosophy in many young companies, that not having revenue is a good thing. For those who are not familiar with it, Quora is a question and answer site where users post questions, people respond and questions are up/down voted based on their quality, so the best answers flow to the top. The company has raised about $61 million in two rounds of financing.
A couple of months ago, A Quora user posted the question: Is Quora Profitable?. Marc Bodnick, who leads Quora’s business and community teams, responded: “No, Quora the company is not profitable. We don’t have any revenues!”. Continue reading “Zero revenue should not be a badge of honor”